U.S. inflation retreats in March from 5-year peak

  • May 1, 2017
  • no comment
  • realestate

The rate of U.S. inflation slowed in March one month after hitting a five-year peak, reflecting lower prices for gasoline and other consumer goods such as new autos. The halt last month to the recent rise in inflation could ease pressure on the Federal Reserve to raise interest rates, though the central bank appears on

READ MORE

U.S. wholesale inventories rise 0.4% in February

  • April 7, 2017
  • no comment
  • realestate

Wholesale inventories in the U.S. rose 0.4% in February, rebounding from a decline at the start of 2017, the government said Friday. The inventory-to-sales ratio was unchanged at 1.28 months, but it was down from 1.36 a year earlier. The ratio reflects how long it would take a company to sell all the goods sitting

READ MORE

Construction spending eases in March after a February blowout

  • May 1, 2017
  • no comment
  • realestate

Spending on construction dipped in March following an unusually strong pace of spending in February. Construction outlays were down 0.2%, the Commerce Department said Monday.

READ MORE

Treasury yields edge higher after trading around weeklong

  • May 1, 2017
  • no comment
  • realestate

Treasury yields edged up, as prices fell, from a weeklong low as economic reports showed that consumer spending in the U.S. economy was slowing down and as inflation appeared muted.

READ MORE

Private-sector hiring slows to 177,000 in April

  • May 3, 2017
  • no comment
  • realestate

Private-sector employment slowed down in April as employers added 177,000 jobs, ADP reported Wednesday, down from a revised 255,000 jobs created in March.

READ MORE

10-year Treasury yield rebounds off November lows, after jobs report, Syria

  • April 8, 2017
  • no comment
  • realestate

Treasury yields bounced off session lows on Friday as investors looked past a U.S. airstrike in Syria late-Thursday and lackluster data from the Labor Department on March employment to push yields higher, in a week fraught with geopolitical events. Yields for 10-year notes fell 3.2 basis points to 2.375%, the yield had slipped below 2.271%—the

READ MORE

Fed won’t be pushed off course by March payroll data

  • April 8, 2017
  • no comment
  • realestate

The weaker-than-expected headline from the March jobs report will not deter the Federal Reserve from raising short-term interest rates twice more this year, economists said. The March data won’t knock them off course. The U.S. created just 98,000 new jobs in March, economists say the data is not a signal that the U.S. economy is

READ MORE

Treasury yields edge up as Fed reiterates commitment to rate hikes

  • May 3, 2017
  • no comment
  • realestate

Federal Reserve keeps rates unchanged as expected Treasury yields moved up after the Fed decided to keep rates steady but indicated it still intends to hike them at least two more times this year. The yield on the 10-year note rose 0.7 basis point to 2.298% after the announcement, adding to a modest rise seen

READ MORE

Fed leaves rates unchanged, calls 1st-quarter weakness ‘transitory’

  • May 3, 2017
  • no comment
  • realestate

The Federal Reserve on Wednesday voted 9-0 to leave its benchmark interest rate at 0.75% to 1%, but the FOMC also indicated it’s still on track for two more rate increases in 2017. The Fed said the sharp slowdown in first-quarter GDP resulting from a falloff in consumer spending is “likely to be transitory.” The

READ MORE

U.S. initial jobless claims sink 19,000 to 238,000

  • May 4, 2017
  • no comment
  • realestate

Initial U.S. jobless claims fell by 19,000 to 238,000 in the last week of April, the government said Thursday. Economists polled by MarketWatch has expected new claims to total a seasonally adjusted 245,000 in the seven days stretching from April 23 to April 29. The more stable monthly average of jobless claims rose by 750

READ MORE

Subscribe to Newsletter

Get weekly updates on mortgage rates, finance, lending and real estate.